DA announced by Finance Ministry by 6%

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Postal bank set to become a reality, says Rajan

By M.Arivalagan -
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The country will see many new banks in the coming years, including a postal bank promoted by the postal department, Reserve Bank of India (RBI) governor Raghuram Rajan said on Thursday. Speaking on the occasion of commemorating 80 years of the central bank, the governor said, “In the coming year, we will have many new players in the banking eco-system, such as payments banks, small finance banks and possibly a postal bank competing with existing universal banks, regional rural banks, cooperative banks, and a variety of non-bank finance companies.” The department of posts has already applied for a payments bank licence after RBI initiated the licensing process last year. Payments banks are niche banks which will be allowed to function with several restrictions; they will not be allowed to lend and will have a cap on the deposit it can take from an individual. A postal bank, if it gets a licence from RBI, will be a universal bank. A task force under T S R Subra...
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Four ways to undo the ill effects of prolonged sitting

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Modern lifestyles are becoming increasingly sedentary. We spend a great deal of our time sitting; be it sitting for long hours at work, sitting while traveling, sitting while watching TV or eating. But if you think that your hour long intensive workout at the gym or your morning jog will make up for your prolonged sitting, you are wrong! A recent study published in the journal Health Psychology Review has found that targeting physical activity and increasing the level of exercise doesn't make any great difference to reduce prolonged sitting. One should focus on decreasing their sitting time. Ask health experts and they will tell you how prolonged sitting kills like smoking. It has turned into a serious public health concern. According to WHO, low physical inactivity is the fourth-leading risk factor for death around the world. So what can be done? Get up and move If you are guilty of staying glued to your office seat for long hours, it's time you change your habit. Fitn...
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Speed Post Tariff increases w.e.f. 01.06.2015

By M.Arivalagan -
Budget 2015 has increased the service tax from 12.36% to 14%. So the SPEED POST  tariff  increases from 01.06.2015  for (LOCAL up to 50 grams) Rs. 17/- to Rs.17/- (Rs.15 + Rs.2 ST), (other place up to 200 grams ) from Rs. 39/- to Rs.40/-(Rs.35+ Rs.4 ST). Other rates will change on adding service tax rate.
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